Reaching a Short Silver Position Worth $9.5 Million: Anonymous Trader Bets Bearish Again

CafeMinor · 2026-02-12T16:07:26+00:00

A known wallet, 'Silver Ironhead Short' (0x61cee), has opened a significant short position on silver worth $9.5 million, reflecting a bearish sentiment. Despite prior losses of $4.79 million, the trader remains committed to this strategy.

CafeMinor

2026-02-12 16:07:26

Abstract generation in progress

Based on the latest blockchain data, a wallet known within the community as ‘Silver Ironhead Short’ (0x61cee) has taken a significant step by reopening a short position on silver. This information comes from HyperInsight analysis and reports from BlockBeats, two trusted sources in on-chain activity tracking. The trader’s return to the silver market indicates a persistent bearish sentiment toward the asset.

Contract Details and Position Value Reaching New Levels

The newly opened short position totals $9.5 million, utilizing up to 20x leverage on the xyz:SILVER pair. The average entry price for this position is set at $83.73 per unit, reflecting a measured entry strategy. With this high leverage structure, any movement in silver’s price will significantly impact the profitability or loss of the position. Currently, the position shows an unrealized loss of $272,000, indicating that silver’s price has moved against the trader’s expectations.

Repetitive Trading Patterns and Accumulated Risks

This activity is not the first involvement of wallet 0x61cee with silver instruments. Previously, the same wallet closed a long-term short position with total losses reaching $4.79 million. This pattern demonstrates a continued commitment to a bearish strategy despite facing substantial losses. By opening a new position worth nearly $9.5 million, the trader has achieved very high exposure to silver, increasing the risk accumulation in their portfolio. Strong confidence in a decline in silver prices appears to remain the primary motivation behind this decision, regardless of previous trading losses.

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